Dr. Pepper Snapple Group (DPSG) is a $6B company and the #1 flavored carbonated soft drink manufacturer in the US. The financial services team at DPSG relied on outsourcing Collections, Cash Application and other A/R functions to control costs. However, it ended up struggling with growing overhead costs and deteriorating metrics including write-offs, late payments, and re-training.
DPSG moved operations in-house and used 6-Sigma tools and methodologies to standardize processes, eliminate waste and track metrics. A critical component – the team leveraged advanced robotics automation technology to streamline and track A/R operations.
HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.